AZ HB2421

Amends Arizona Revised Statutes Section 43-1111 to reduce the corporate income tax rate to 2 percent for taxable years beginning after December 31, 2025.

Maintains the existing corporate income tax rate of 4.9 percent for taxable years beginning from and after December 31, 2016 through December 31, 2025.

Establishes a minimum tax of $50 or the calculated tax amount, whichever is greater, for all corporations not otherwise exempt.

Updates statutory language formatting (changes "per cent" to "percent" and "upon" to "on").